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Jan 17, 2013
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incurred, and we keep acting as it has, and no cessation of home buying according to lennar, and the sandy bailout will kick in by the end of the second quarter, home depot will fly. we're through two of the washington stumbling blocks, the election and the fiscal cliff. one more leg to go. debt ceiling. the last obstacle may be the least dangerous, judging by what happened last year with the overly dreaded debt downgrade and what's happening now. take your cue from the markets. here is the bottom line. washington fright fest is almost over, people. maybe time to break out the dr. strangelove handbook and learn how to stop worrying and love the irrelevant gridlock that will soon face, once the debt ceiling is raised, and politics cease to be the biggest factor in our investment thinking. kevin in washington, kevin. >> caller: booyah, mr. brilliant one. just a quick question. you know, with the higher cost of foods and energy, and the lower incomes we're all expecting, the average working person, do you think we can return to the dependence on our credit cards? if we are, is mastercard a go
incurred, and we keep acting as it has, and no cessation of home buying according to lennar, and the sandy bailout will kick in by the end of the second quarter, home depot will fly. we're through two of the washington stumbling blocks, the election and the fiscal cliff. one more leg to go. debt ceiling. the last obstacle may be the least dangerous, judging by what happened last year with the overly dreaded debt downgrade and what's happening now. take your cue from the markets. here is the...
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Jan 22, 2013
01/13
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writing, 7% hit from sandy, big numbers. the stock is down 30 cents. so i renew my efforts. find my something, what is wrong with verizon. i don't see it. find me what is wrong. nothing. just the questions with the margins. it is kind of unoable. and then i'm over across the street. it was a much worse than expected quarter. verizon eps misses leads the vz tombstone. so it is natural that the gang come to me and asks me what i thought. i don't know. in earnings season fine doesn't cut it. the stock is either great or bad, a or sell sell sell and a shortfall is bad. all of this mind you is coming in a total vacuum. what is left after the cost is selling the goods, we don't know. yet the stock is trading heavily and all downhill. so i guess it is really bad. pretty much intimate that by the time the morning begins. the stock starts to trade higher. the cfo has told the people that i can't hear that the company is confident that the margins will improve. cell phones, as you know, if you bought one are heavily subsidized and bangs the margins down. after all that, verizon starts
writing, 7% hit from sandy, big numbers. the stock is down 30 cents. so i renew my efforts. find my something, what is wrong with verizon. i don't see it. find me what is wrong. nothing. just the questions with the margins. it is kind of unoable. and then i'm over across the street. it was a much worse than expected quarter. verizon eps misses leads the vz tombstone. so it is natural that the gang come to me and asks me what i thought. i don't know. in earnings season fine doesn't cut it. the...
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Jan 19, 2013
01/13
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one, you had the impact of hurricane sandy where the markets were closed for a couple of days. we saw average daily revenue in the business drop from about 1.2 to about $1.1 million, which is still within our range of expected outcomes. and it tends to be a very profitable level for us. so it drifted down a little bit. you had in terms of the way the fourth quarter usually plays out, you were short a couple of business days. but we expect that business to be pretty stable. we don't think interest rates are going to change an awful lot in 2013. our client base, particularly the financial institution client base still has a lot of cash to be invested. we think we've got good coverage of that marketplace. and we think we'll do very well in 2013. >> you brought back a huge amount of stock. a huge amount. so that is -- you're trying to figure out your capital allocation. i'm sure someone will say, listen, we've got to save it for a rainy day. and you chose to buy it all in. how do you feel about given the fact that people were somewhat negative today about the stock? >> well, i thin
one, you had the impact of hurricane sandy where the markets were closed for a couple of days. we saw average daily revenue in the business drop from about 1.2 to about $1.1 million, which is still within our range of expected outcomes. and it tends to be a very profitable level for us. so it drifted down a little bit. you had in terms of the way the fourth quarter usually plays out, you were short a couple of business days. but we expect that business to be pretty stable. we don't think...
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Jan 23, 2013
01/13
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writing, 7% hit from sandy, big wireless numbers. the stock is down 30 cents. so i renew my efforts. find me something, what is wrong with verizon. i don't see it. find me what is wrong. nothing. just the questions of the margins. it is kind of unknowable. and then i'm over across the street. it was a much worse than expected quarter. >> verizon eps misses, reads the tombstone. so it's natural when the gang at squawk comes at me and ask what i thought of a rise in. i don't know. nothing wrong i can see. it is fine. and earnings season, fine doesn't cut it. the stock is either great or bad. it's either a buyer or a cell and a shortfall is bad. all of this, mind you, is coming in a total vacuum, and what verizon is going to say about the margins, what's left after the cost of selling the goods, we don't know. yet the stock is trading heavily and all down hill. so i guess it's a really bad. i pretty much intimate that by the time our morning show begins. i'm beaten down. and taken to the canvas defending this horizon. no sooner do i embrace the negative action tha
writing, 7% hit from sandy, big wireless numbers. the stock is down 30 cents. so i renew my efforts. find me something, what is wrong with verizon. i don't see it. find me what is wrong. nothing. just the questions of the margins. it is kind of unknowable. and then i'm over across the street. it was a much worse than expected quarter. >> verizon eps misses, reads the tombstone. so it's natural when the gang at squawk comes at me and ask what i thought of a rise in. i don't know. nothing...
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Jan 23, 2013
01/13
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and this guy did make you feel like he predicted hurricane sandy. i'm not kidding. go have a listen and a tremendous job investing in your premiums in conservative, but smart way makes you want to switch away from the talking pig, the woman in white, and president palmer all in one conference call. remarkable. i found myself thinking, holy cow, am i glad i'm not in that class? i'd have a lot of explaining to do to my dad about how i couldn't keep up with jay fishman and he would make me spend less time hanging out with my hoodlum friends. then there was ibm after the close. were we fixated with that top line? but ibm knows you can get terrific grades, by saying no to bad sales and yes to good sales. ibm makes as much money as it did. but also because it makes a huge amount of profit on each sale, particularly software. what a remarkable quarter. pure deans list and a nice surprise, perhaps the company just didn't feel well on the last quarterly exam, should've gotten a note to the testing agency from its mommy that ibm was under the weather. how about google, with a
and this guy did make you feel like he predicted hurricane sandy. i'm not kidding. go have a listen and a tremendous job investing in your premiums in conservative, but smart way makes you want to switch away from the talking pig, the woman in white, and president palmer all in one conference call. remarkable. i found myself thinking, holy cow, am i glad i'm not in that class? i'd have a lot of explaining to do to my dad about how i couldn't keep up with jay fishman and he would make me spend...
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Jan 25, 2013
01/13
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i don't think that was directly tied to hurricane sandy. it takes some time to really be able to respond to a calamity of that nature. but there will be a lot of rebuilding that will take place. we're positioned to take advantage of that. and there will be demand for all of those products. the challenge in every single case will be building that infrastructure back. but that will put some extra pressure on the housing market as well as just the general recovery that we're expecting this year. as we reported this morning, our estimate is that we would see housing starts recover in 2013 to about a million starts. that's a 30% increase off of last year. and in 2012 was up about 30% from 2011. so we're starting to see rebuild. but it's still very low levels compared to long-term trend needs for probably a million five to a million seven starts in this country. >> dan, the housing market can be the engine of a serious recovery because of how many people it takes, right? >> well, you have people buying houses, and you know, then they're visiting
i don't think that was directly tied to hurricane sandy. it takes some time to really be able to respond to a calamity of that nature. but there will be a lot of rebuilding that will take place. we're positioned to take advantage of that. and there will be demand for all of those products. the challenge in every single case will be building that infrastructure back. but that will put some extra pressure on the housing market as well as just the general recovery that we're expecting this year....